The Enugu State Government has awarded the contract for the revamping of Hotel Presidential located at Presidential Road in Enugu City.
Speaking to newsmen after the Executive Council meeting presided by the State Governor, the Commissioner for Culture and Tourism, Dame Ugochi Madueke disclosed that Dr. Peter Ndubuisi Mbah’s administration is serious about zero dormant assets in the state.
“It is with great joy that I make this announcement because the hotel has been abandoned and has gone moribund over the past years. However, bringing it back to life will not only put our state on the world map again, it will equally create economic value-chain, market, tourism, and employment for our youths,” Commissioner Madueke stated.
Meanwhile plan to resuscitate the Nigergas Company is in motion now as recommended by the Enugu State Investment Development Authority in line with Dr. Peter Mbah’s target to rehabilitate and revamp all dormant state assets to its full production capacity and for job creation.
The Managing Director and Chief Executive Officer of the Enugu State Investment Development Authority, Dr. Sam Ogbu-Nwobodo, explaining the rationale for the move for Nigergas said demand for medical oxygen and industrial gas in the country is more than the supply.
“Re-engineering, refurbishment and subsequent commissioning of Nigergas Company is a deliberate step by the Governor Mbah Administration to provide the much-needed medical oxygen and industrial gas for the South East and the entire country because the country is hugely underserved.”
“The profitability profile, commercial, and investment have been vetted with prospects of huge profit.”
“We have everything on the ground, and our timeline to kick off is certain. What remains is the paperwork because we already have the approval of the governor and now that of the State Exco,” Dr. Nwobodo reiterates.
He further reveals that revamping Nigergas company is one out of many projects projected by the government in her zero dormant assets in the state; other state-owned enterprises to receive attention are Niger Steel Ltd., Sunrise Flour Mills, and the aluminum smelting company at Ohebe Dim.
Details of the awardee company were not disclosed during the press briefing.
